It's official Hasbro is relocating to Boston. What the announcement says.

Hasbro will move its corporate headquarters from Pawtucket, Rhode Island, to Boston's Seaport District by the end of 2026, affecting 700 employees. The company emphasized that Boston's business environment and technological leadership would support future growth. Rhode Island officials, including Gov. Dan McKee and Pawtucket Mayor Donald Grebien, sought to retain Hasbro through incentives but received no response. McKee expressed gratitude for Hasbro's past contributions while asserting that Rhode Island remains a prime location for businesses.

Massachusetts Gov. Maura Healey celebrated the move, promising support for the jobs created in her state. The new Boston office will span 265,000 square feet and house corporate services, toys, board games, and licensing operations. This relocation is part of Hasbro's broader strategy of cost-cutting, which includes at least 1,100 layoffs. Hasbro plans to continue its commitments in Rhode Island, including support for Hasbro Children's Hospital and recruitment from local colleges.